Morrisville Borough, PA Real Estate
According to census data in the year 2000 there were 4,319 housing units in Morrisville Borough.
This represents a 3.2% growth from 4,185 in 1990.
Of those housing units, 4,319 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Morrisville Borough is about 56.2%.
Morrisville Borough's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Morrisville Borough were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 21.10% |
| Two Bedrooms | 23.50% |
| Three Bedrooms | 36.50% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $112,300 |
| Median Price asked for vacant units | $106,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $649 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 6% |
| Home Equity Loan | 11.10% |
| Simple Mortgage | 54.30% |
| Debt Free | 27.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.2% |
